國外金融前沿問題研究 課程教學(xué)大綱

1、國外金融前沿問題研究（雙語）課程簡介課程編號1240343016課程名稱國外金融前沿問題研究（雙語）課程性質(zhì)任選學(xué) 時(shí)48學(xué) 分3學(xué)時(shí)分配授課：48 實(shí)驗(yàn)： 上機(jī)： 實(shí)踐： 實(shí)踐（周）：考核方式開卷考試，平時(shí)成績占30% ，期末成績占70% 。開課學(xué)院經(jīng)濟(jì)學(xué)院更新時(shí)間 適用專業(yè)金融學(xué)專業(yè)先修課程貨幣銀行學(xué)、證券投資學(xué)、國際金融課程內(nèi)容：國外金融前沿問題研究是金融學(xué)專業(yè)的任選課程。課程介紹了許多金融理論的熱點(diǎn)問題，其中很多理論目前是沒有確定性結(jié)論的，例如，行為金融學(xué)只是對當(dāng)前的主流經(jīng)濟(jì)理論提出了一些質(zhì)疑和攻擊，但是并沒有形成自己的一套完整的理論；通過通貨膨脹釘住的貨幣政策框架分析，可以讓學(xué)生思考

2、該政策在中國的適用性。講授金融脆弱性問題，分析中國的金融形勢，通過講授論文讓學(xué)生體會到經(jīng)濟(jì)學(xué)的研究方法，分析資產(chǎn)證券化問題并介紹資產(chǎn)證券化在中國的前景。介紹對沖基金以及對沖基金的操作手法，如何形成東南金融危機(jī)。這門課還介紹了銀行資本監(jiān)管、非對稱信息在銀行也中的應(yīng)用、資產(chǎn)價(jià)格與貨政策，通過這門課的學(xué)習(xí)可以在很大程度上拓寬學(xué)生知識面，使學(xué)生對當(dāng)前金融問題有所了解。Brief Introduction Code1240343016TitleResearch of Foreign Financial Frontier Problems（Bilingual）Course natureOptionalSe

3、mester Hours48Credits3Semester Hour StructureLecture：48 Experiment： Computer Lab： Practice：Practice (Week)：AssessmentOpened book examination, usually results accounted for 30%, the final grade accounted for 70%.Offered bySchool of EconomicsDate2012-9forFinance ProfessionalsPrerequisiteMoney and Bank

4、ing, Securities Investment, International FinanceCourse Description: This course is the optional subject for the college students of finance professional. This course introduces the hot points of finance theory, many of theories there are not definite conclusions, for example the theory of Behavior

5、finance just put forward some attacks to the traditional economic theory but it didnt form a whole theory, through the study of inflation targeting which can make the students study the applicability of this policy in China. Introduce finance frangibility analyze the finance situation in China and p

6、aper introduction can make the students know about he study method about economics. Analyze the asset securitilization problem and introduce the future of asset securitilization in China. Introduce hedge funds and the operation method of hedge funds which make finance crisis in Asia. This course int

7、roduce bank capital supervision, application of asymmetry information in banking industry, capital price and monetary policy, so this course can broaden the students knowledge field and make the students have a certain degree knowledge to this class.國外金融前沿問題研究（雙語）課程教學(xué)大綱課程編號1240343016課程名稱國外金融前沿問題研究（雙

8、語）課程性質(zhì)任選學(xué) 時(shí)48學(xué) 分3學(xué)時(shí)分配授課：48 實(shí)驗(yàn)： 上機(jī)： 實(shí)踐： 實(shí)踐（周）：考核方式開卷考試，平時(shí)成績占30% ，期末成績占70% 。開課學(xué)院經(jīng)濟(jì)學(xué)院更新時(shí)間 適用專業(yè)金融學(xué)專業(yè)先修課程貨幣銀行學(xué)、證券投資學(xué)、國際金融一、教學(xué)內(nèi)容Topic One: Financial Fragility 1. The Internal Mechanism of Financial Fragility1.1 What is Financial Fragility?1.2 Financial Fragility in Traditional Credit Market1.3 Financial F

9、ragility in Financial Market2. Financial Liberalization and Financial Fragility2.1 What is Financial Liberalization?2.2 Relationship between Financial Liberalization and Financial Fragility2.3 Interest Rate Liberalization and Financial Fragility2.4 Operation Liberalization and Financial Fragility2.5

10、 Market Access Liberalization and Financial Fragility2.6 Free Capital Flow and Financial Fragility3. Financial Fragility and Financial Crisis3.1 The Measurement of Financial Fragility3.2 What is Financial Crisis?3.3 Evolution Mechanism from Financial Fragility to Financial Crisis4. The International

11、 Experience and Lssons of Management of Financial FragilityCase Study1: Applying the Lessons of Subprime Mortgage Lending to Emerging EconomiesCase Study2: Bubble Economics and Banks Dynamic of Japanese5. Management of Financial Fragility in Our Country教學(xué)難點(diǎn)：Financial Fragility and Financial Crisis教學(xué)

12、重點(diǎn)：The Internal Mechanism of Financial FragilityTopic Two: Behavioral Finance1. Foundations of Finance: Asset Pricing, Market Efficiency, and Agency Relationships1.1 Introduction1.2 The Pricing of Risk1.3 Market Efficiency1.4 Agency Theory1.5 From Rationality to Psychology2. Prospect Theory2.1 Intro

13、duction2.2 Prospect Theory2.3 Framing2.4 Mental Accounting2.5 From Theory to Practice3. Heuristics and Biases3.1 Introduction3.2 Perception, Memory, and Heuristics3.3 Familiarity and Related Heuristics3.4 Representativeness and Related Biases3.5 Anchoring3.6 Irrationality and Adaptation3.7 Looking A

14、head4. Overconfidence4.1 Introduction4.2 Miscalibration4.3 Other Strains of Overconfidence4.4 Factors Impeding Correction4.5 Looking Ahead to Financial Applications5. Emotional Foundations5.1 Introduction5.2 The Substance of Emotion5.3 A Short History of Emotion Theory5.4 Evolutionary Theory5.5 The

15、Brain5.6 Emotion and Reasoning5.7 Our Minds, Bodies, and Emotion5.8 Looking Ahead6. Individual Investors and the Force of Emotion6.1 Introduction6.2 Is the Mood of the Investor the Mood of the Market?6.3 The Disposition Effect6.4 House Money6.5 Affect7. Social Force: Selfishness or Altruism7.1 Intro

16、duction7.2 Homo Economicus7.3 Fairness, Reciprocity, and Trust7.4 Social Influence Matter7.5 Conformity7.6 Social Behavior and Emotion7.7 Social Behavior and Evolution8. Behavioral Explanations for Anomalies8.1 Earnings Announcement and Value vs. Growth8.2 What is Behind Momentum and Reversal?8.3 Ra

17、tional Explanations教學(xué)難點(diǎn)：Prospect Theory教學(xué)重點(diǎn)：Building Blocks of Behavioral Finance and Behavioral Explanations for AnomaliesTopic Three: Multinational FinanceCase Study1: Revaluing the Chinese YuanCase Study2: Turkeys Kriz Case Study3: The Venezuelan Bolivar Black MarketCase Study4: Iceland and the G

18、lobal Capital MarketsCase Study5: Xian-Janssen Pharmaceutical (China) and the Euro教學(xué)難點(diǎn)：Case Study5: Xian-Janssen Pharmaceutical (China) and the Euro教學(xué)重點(diǎn)：Case Study 2: Revaluing the Chinese Yuan二、教學(xué)要求Topic One: Financial Fragility教學(xué)要求： 理解金融脆弱性與金融自由化、金融危機(jī)的關(guān)系，了解國際金融危機(jī)產(chǎn)生的背景及對中國的啟示，掌握金融脆弱性的內(nèi)在機(jī)制。Topic Two: Behavioral Finance教學(xué)要求：了解理性人、經(jīng)濟(jì)人假設(shè)的理論前提以及存在的缺陷；了解行為金融學(xué)的起源、發(fā)展和前沿動態(tài)；把握心理學(xué)、行為學(xué)、試驗(yàn)經(jīng)濟(jì)學(xué)和行為經(jīng)濟(jì)學(xué)學(xué)科與行為金融學(xué)的相關(guān)性以及對該學(xué)科發(fā)展的意義；掌握和理解行為金融學(xué)的核心內(nèi)容。 Topic Three: Multinational Finance教學(xué)要求：了解國際市場上關(guān)于貨幣金融的典型案例，了解跨國公司的國際金融市場運(yùn)作，提高學(xué)生運(yùn)用所學(xué)理論分析實(shí)際問題的能力